AFI Properties Ltd. (TLV: AFPR)

AFI Properties Income Statement

Financials in millions ILS. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	946.05	798.27	617.06	555.5	405.91	420.12
Property Management Fees	311.88	270.29	268.49	189.34	127.09	123.15
Other Revenue	229.48	303.77	275.74	402.83	414.57	336.02
Total Revenue	1,487	1,372	1,161	1,148	947.56	879.29
Revenue Growth (YoY	16.71%	18.17%	1.19%	21.12%	7.77%	-9.84%
Property Expenses	565.03	612.59	592.86	567.5	477.95	447.47
Selling, General & Administrative	134.15	110.41	136.01	83.7	86.09	78.29
Other Operating Expenses	10.77	15.57	6.33	-2.61	-3.51	4.3
Total Operating Expenses	709.96	738.57	735.2	648.59	560.53	530.07
Operating Income	777.45	633.76	426.09	499.08	387.04	349.22
Interest Expense	46.82	-422.1	-340.25	-251.66	-148.94	-166.24
Interest & Investment Income	-71.39	50.93	35.86	26.86	11.69	9.84
Income (Loss) on Equity Investments	128.31	33.16	50.4	89.57	12.76	7.73
Currency Exchange Gain (Loss)	93.29	93.29	77.41	-114.68	4.28	-46.91
Other Non-Operating Income	-647.85	-201.03	-61.25	149.49	-20.81	25.61
EBT Excluding Unusual Items	326.63	188.01	188.26	398.67	246.01	179.25
Impairment of Goodwill	-	-	-	-	-	-5.81
Gain (Loss) on Sale of Investments	-	-	86	-	-	-1.23
Gain (Loss) on Sale of Assets	-	-	-	-	-	5.42
Asset Writedown	392.88	58.08	472.71	542.59	-194.47	352.32
Total Legal Settlements	-	-	-	-	-1.13	-
Other Unusual Items	17.47	20.47	-6.63	-9.3	-	14.82
Pretax Income	736.98	266.56	740.33	931.96	50.41	544.76
Income Tax Expense	140.03	53.27	152.65	143.31	32.24	106.64
Earnings From Continuing Operations	596.95	213.29	587.69	788.65	18.17	438.12
Net Income to Company	596.95	213.29	587.69	788.65	18.17	438.12
Minority Interest in Earnings	-6.39	-1.89	-2.2	-1.32	0.92	-50.95
Net Income	590.56	211.4	585.49	787.34	19.09	387.17
Net Income to Common	590.56	211.4	585.49	787.34	19.09	387.17
Net Income Growth	306.03%	-63.89%	-25.64%	4024.12%	-95.07%	13.72%
Basic Shares Outstanding	38	38	38	36	34	29
Diluted Shares Outstanding	38	38	38	36	34	29
Shares Change (YoY)	-0.04%	0.43%	4.51%	5.58%	19.11%	1.13%
EPS (Basic)	15.53	5.56	15.52	21.83	0.56	13.44
EPS (Diluted)	15.53	5.56	15.46	21.73	0.56	13.44
EPS Growth	306.25%	-64.04%	-28.85%	3803.57%	-95.86%	12.49%
Dividend Per Share	-	-	-	1.380	-	-
Operating Margin	52.27%	46.18%	36.69%	43.49%	40.85%	39.72%
Profit Margin	39.70%	15.40%	50.42%	68.60%	2.01%	44.03%
Free Cash Flow Margin	48.07%	37.44%	45.20%	46.51%	34.36%	29.13%
EBITDA	783.26	638.34	430.23	503.29	392.83	359.55
EBITDA Margin	52.66%	46.52%	37.05%	43.85%	41.46%	40.89%
D&A For Ebitda	5.81	4.58	4.14	4.21	5.8	10.33
EBIT	777.45	633.76	426.09	499.08	387.04	349.22
EBIT Margin	52.27%	46.18%	36.69%	43.49%	40.85%	39.72%
Effective Tax Rate	19.00%	19.98%	20.62%	15.38%	63.96%	19.58%

Source: S&P Capital IQ. Real Estate template. Financial Sources.